Insider Buying: CCL Industries Inc. (TSE:CCL.B) Insider Acquires C$5,252,845.14 in Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. purchased 67,024 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of C$78.37 per share, with a total value of C$5,252,845.14.

CCL Industries Inc. also recently made the following trade(s):

• On Wednesday, November 27th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The shares were purchased at an average cost of C$76.42 per share, for a total transaction of C$5,121,826.63.
• On Friday, November 29th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The stock was purchased at an average price of C$77.55 per share, with a total value of C$5,197,557.04.

CCL Industries Stock Performance

CCL.B opened at C$72.69 on Thursday. CCL Industries Inc. has a twelve month low of C$55.34 and a twelve month high of C$84.70. The stock has a market cap of C$12.14 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The business’s 50 day moving average is C$76.97 and its 200-day moving average is C$76.55. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

Analyst Upgrades and Downgrades

CCL.B has been the subject of a number of research reports. TD Securities decreased their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Royal Bank of Canada decreased their price target on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. CIBC increased their price objective on shares of CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. BMO Capital Markets lifted their target price on CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Finally, Stifel Nicolaus increased their price target on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$90.13.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products.